SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ChinuSFO who wrote (63024)5/2/2008 3:41:07 PM
From: TimF  Read Replies (1) of 543062
 
My understanding is that the Sub prime loan crisis is the major single contributing factor for the rise in oil prices.

Hmm interesting thought, the dollar price has gone up, partially because of the decline of the dollar against other currencies, the decline was probably helped along by the sub prime loan situation.

Still I think its a stretch to consider that the main factor. The real main factor is the world wide growth in demand for oil, without an equivalent world wide growth in production. There isn't the spare production capacity sitting around that there used to be.

I wonder why Bush has not used the reserves to temper oil prices or to at least use it for Iraq.

Because they are there for a real crisis, with a cut off of a large part of the supply. They contain a lot of oil, but not nearly enough to contribute long term to keeping the price down.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News